OAKLAND, CA, Sept. 6, 2013 (PPI Pulp & Paper Week) -US manufacturingappeared to roar along at its highest level in more than two years in August, according to the latest manufacturing report from theInstitute for Supply Management (ISM). The August total was 55.7, the highest since 55.8 in June 2011. The ISM report is a survey of manufacturers and is based largely on present output as well as new orders...Read more
SAN FRANCISCO, Aug. 23, 2013 (RISI) -With a dramatic run-up in US containerboard company share prices this year, top executives at some firms gained large payouts -- even as analysts are also raising share price projections for some companies, PPI Pulp & Paper Week reported.
Packaging Corp of AmericaCEO Mark Kowlzan sold 85,000 shares in the open market on July 18 at $52.10/share for $4.429 million. KapStone VP and General Mgr Tim Keneally sold 68,161 for $44-45/share for $3.045 million.Read more
ATLANTA, Aug. 7, 2013 (PRNewswire) -Graphic Packaging Holding Company (GPK) today announced an underwritten secondary public offering of 15,000,000 shares of its common stock by certain of its existing stockholders. The Company will not sell any shares or receive any proceeds from the offering and the total number of shares of its outstanding common stock will not change as a result of the offering.
Citigroup and Deutsche Bank Securities Inc. are acting as the joint book running managers for the offering.
Recently, the Saratoga County Board of Supervisors approved the sale of the vacant landfill to Finch Paper. The company plans to consolidate the new facility with an adjacent, existing landfill it has used for the past 15 years to dispose of paper sludge from its Glens Falls mill.Read more
In a suit filed in Gwinnett State Court, SW&B Construction Co., which builds and retrofits pulp and paper plants, said it signed an agreement with RockTenn in December 2011 to convert and upgrade its 70-year-old Hodge Mill plant in Hodge, La., to a linerboard-only operation.Read more
UPM has decided to participate in the share issue that Pohjolan Voima Oy (PVO) is planning for Olkiluoto 3 nuclear power plant project. UPM's share of the issue is EUR 119 million.
PVO informed UPM on March 1, 2013, that it is planning a share issue of maximum of EUR 230 million in order to finance the new shareholder loan commitment proposed by the Board of Directors of Teollisuuden Voima Oyj (TVO). The share issue would be implemented with the B2 shares during the coming years based on the financing requirements.Read more